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What Just Happened?
Posted:
Tue Apr 11, 2023 8:53 pmby amalekidad
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Inquiring minds want to know?
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 6:47 amby 68Camaro
Not sure, but it was a) not that much - 1% for silver, b) local to pacific markets, c) affected gold as well and all PMs to some extent, and d) the peak wasn't sustained but it did raise the baseline a little bit.
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 9:48 amby pmbug
Markets are just trying to front run the Fed.
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 10:04 amby Lemon Thrower
"There are no markets anymore, only interventions."
Ed Steer.
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 10:53 amby 68Camaro
pmbug wrote:Markets are just trying to front run the Fed.
That's the right idea. Or to front run an anticipated USD change because of the Fed. Or to front run the latest monthly inflation report, which did drop the USD at 830am but that USD change didn't change PMs much (probably because the change was front run last night then moderated).
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 12:33 pmby Cu Penny Hoarder
Go back to late 2010 and early 2011 and pull up some daily charts... you'll see some really large upward moves.
Then do the same after April 2011... some huge ugly drops all the way into mid-2013.
Re: What Just Happened?
Posted:
Wed Apr 12, 2023 1:38 pmby Lemon Thrower
There was a guy who figured out that there was a time pattern to the manipulations.
If I recall correctly, the price would rise overnight in Asia and then get hammered as soon as the NY futures market opened.